Iraq Tax Law and Law on Custom Tariff Will be Applied Soon ... and more Links ~ Iraq Taxes
23/10/2011
Activation code next month tariff
Economic Committee Member said Salman al-Musawi (future): that the tax was extended to include law primarily imported merchandise and shoddy, which plunged by the Iraqi market, adding: more goods which are subject to high levels of taxation are goods which can be manufactured locally, but stopped due to competition and dumping practised by imported goods, pointing out that tax law is the law of affirmative action will help Iraqi industries and factories and domestic products more than.
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The Economic Commission at the Council of Ministers, prepared in 14 of the month Last month, a Bill to suspend the tariff, the Commission also recommended the suspension of import and export licences, these recommendations came after a new study in line with the economic situation and living conditions in the country and Iraq imposes customs duties on goods entering it before 2003 according to the law 77 of 1955, and was discontinued after that with the entry of coalition troops into Iraq in 2003 became the overseer in Iraq Paul Bremer, a 5% on goods entering Iraq and then drawing known to The reconstruction of Iraq. recalled that the General Administration of customs, announced in January last, driven to apply new tariff Act No. 22 of 2010 by up to 20%, that works by early March.
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